Corporate governance structure and employment adjustment in Japan: An empirical analysis using corporate finance data

I investigate the influence, of corporate governance, structures on employment, adjustment in Japanese firms, using financial data for., firms listed,on the Japanese stock market. The results indicate that corporate, governance structures affect the rate. of employment adjustment. The presence of large stockholders, and the, degree of stock cross-holding lengthens; the period the firm remains in debt and slows down the speed of employment adjustment.